The Africa growth story is attracting investors and South Africa has become a focal point of interest for both global and regional firms.
Compensation Market DataIn 2011 McLagan launched a South Africa Banking Capital Markets survey covering all revenue and infrastructure roles within 20 financial services firms in South Africa. This survey was very well received by firms who are keen to understand the linkages between performance and reward as well as compensation levels by particular lines of business or functions.
The outcome of the study included full compensation results, aggregated by divisions and level. The primary focus of the banking capital markets survey was South Africa. The top management study, which included data for the Chief Executive Officer, Chief Operating Officer, and their 1st and 2nd level direct reports, was focused on Botswana, Egypt, Ghana, Kenya, Mauritius, Nigeria, South Africa, Tanzania, Uganda, Zambia and Zimbabwe.
As a result of our granular data and strong client relationships, McLagan is well placed to provide industry insight and benchmarking for productivity, compensation levels and best practices in Africa. Our studies also cover non-financial compensation data such as inflation, GDP and intelligence on general economic and financial services news pertinent to Africa. In 2012 McLagan will be expanding coverage to South Africa asset management and private equity players.
Compensation ConsultingMcLagan’s highly experienced team conducts proprietary market studies and provides consulting services geared toward solving our clients’ most pressing compensation issues and helping them align their pay systems with their business and human resource strategies.